Acquisition
Criteria
Tenant Class:
Investment Grade Preferred
Repositing Stories Considered
Geography:
Nationwide
Acquisition Price:
$20M – $275M
Single Tenant Property Types:
Office
Industrial
Retail
Yield:
Minimum 6% Capitalization Rate
Lease Type and Term:
Abs. NNN, 20+ year sale-leaseback preferred
Abs. NNN, 10+ year lease considered
Acquisition Criteria
ACQUISITION STRATEGY
CAI Investments seeks to provide investors superior returns, while maintaining our commitment to capital preservation.
CAI does this by targeting single tenant assets occupied by middle market tenants who operate in “recession remote” business activities and derive their revenue from blue chip companies. CAI looks beyond the operating tenant itself by “peeling back the onion” to analyze the tenants’ products and customers to determine the credit risk of the tenant.
Not only does CAI look to the tenant, we also look at the real estate to ensure there is opportunistic secondary uses in the event of tenant default.
- Hard to replace/Irreplicable
- Expandable Land
- Purchased below replacement cost
- Strong Market and sub-market fundamentals
- Low vacancy, compressing cap rates, increasing rents, etc..
PROPERTY TYPE
Office, Industrail,
Special Purpose, Retail
LOCATION
Nationwide
TRANSACTION SIZE
$10M – $300M
LEASE LENGTH
20+ Years Preferred
10+ Years Considered
TENANT CREDIT
Investment Grade Preferred
Less Than Investment Grade Considered
LEASE TYPE
Absolute NNN
